Bitcoin’s Price Sets to New Record of $1220

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Bitcoin Price

The price of Bitcoin rallied to an all-time high of $1220.00 at 11:35 p.m. EST on Thursday. Volume numbers from Coinmarketcap show the majority of volume fueling the record-breaking rally is coming from European, Chinese and American exchanges.

Hong Kong-based Bitfinex, accounted for 17.29% percent of volume ($39.1M) over the last 24h; OKCoin.cn handled about 8.12% (18.37M); European exchange Bitstamp accounted for 7.56% with a 24h volume of $17.1M; the BTC/EUR pair on San Francisco-based Kraken saw 6.43% of global turnover at 14.56M; another Chinese exchange, Huobi, took place #5 with 5.3% at $12M; and American exchange GDAX, which is operated by Coinbase, saw volumes of $11M, or 4.89% of global turnover.

Bitcoin’s exchange rate also hit a new record in Japanese yen, Canadian dollars and euros. On Canadian exchange QuadrigaCX, which has had the most CAD volume during today’s rally, the digital currency is trading at a new all-time high of $1630 per coin, at press time.

And on Kraken’s BTC/EUR pair, the price of Bitcoin reached a record €1147.23 around midnight on Thursday:

Investor optimism regarding the highly-anticipated Winklevoss Bitcoin ETF reached new heights today after the SEC revealed that a meeting between the Winklevoss brothers and several SEC officials, along with other representatives of Winklevoss’ firm Digital Asset Services, had taken place on February 14th:

“The discussion concerned Bats BZX Exchange, Inc.’s proposed rule change to list and trade, pursuant to BZX Rule 14.11(e)(4), shares issued by the Winklevoss Bitcoin Trust.,” the Memorandum said.

Coin photo by Zach Copley

via Razor-forex.com


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